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In the latest session, Bitfarms Ltd. (NASDAQ: BITF) closed at $2.02 up 2.54% from its previous closing price of $1.97. In other words, the price has increased by $2.54 from its previous closing price. On the day, 17.56 million shares were traded. BITF stock price reached its highest trading level at $2.06 during the session, while it also had its lowest trading level at $1.954.
Ratios:
For a deeper understanding of Bitfarms Ltd.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.09 and its Current Ratio is at 5.11. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On June 04, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.
On December 14, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on December 14, 2023, with a $4 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 04 ’24 when Bonta Nicolas bought 1,000,000 shares for $2.02 per share.
MALON INVESTMENTS HOLDINGS COR bought 400,000 shares of BITF for $827,440 on Sep 24 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BITF now has a Market Capitalization of 914777216 and an Enterprise Value of 788845696. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.30 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 4.568 whereas that against EBITDA is 14.832.
Stock Price History:
Over the past 52 weeks, BITF has reached a high of $3.91, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is -7.31%, while the 200-Day Moving Average is calculated to be -15.06%.
Shares Statistics:
For the past three months, BITF has traded an average of 18.30M shares per day and 16499060 over the past ten days. A total of 453.51M shares are outstanding, with a floating share count of 347.62M. Insiders hold about 23.35% of the company’s shares, while institutions hold 21.75% stake in the company. Shares short for BITF as of 1726185600 were 32453237 with a Short Ratio of 1.77, compared to 1723680000 on 29716503. Therefore, it implies a Short% of Shares Outstanding of 32453237 and a Short% of Float of 7.48.
